Frequently Asked Questions About Business Advisory

Scroll through our comprehensive list of FAQs and be sure to Contact Us if you are unable to find the answers you are looking for.

It is the process of assessing the current state of a business. This includes looking at crucial business areas including finance, sales, team, systems, and risk factors.

With Australian Debt Solvers you can conduct a Free Business Health Check. Simply sign up and log in to our easy-to-use platform. You will be asked a series of questions relating to your business and provided with a comprehensive report. The report will provide an overall health score, as well as individual departmental scores and advice.

With Australian Debt Solvers online business health check, customers will receive topline results immediately through an online dashboard which include an overall health check score. A comprehensive PDF report is then emailed within 24 hours. The full report is detailed, and the advice is instantly actionable and measurable. Conduct a Free Business Health Check today.

Is the process of examining the financial state of an individual or organisation. It determines the capacity of an entity to meet its financial obligations and ability to deal with any potential unexpected events that may cause financial distress.

Any entity that is not able to meet its financial obligation may at risk of trading insolvent. If you feel that this may apply to you, read our Insolvency Guides for more information or Contact Us for a free consultation.

Refers to the current state of a business. This includes its financial situation, systems, operations, human resources, marketing, and strategy. There are several factors which affect business health and the level of their impact will vary depending on the current stage of the business cycle.

The most appropriate wat to manage business finances is by employing an expert which in this case is an accountant. Below is a list of the reasons Why Your Business Needs An Accountant:

  • Optimal structure
  • Minimise you tax bill
  • Best accounting software
  • Smarter cash flow management
  • Budgeting and spending
  • Review, forecast and plan
  • Revenue Growth
  • Set goals and benchmarks

There are a number of ways in which business can obtain finance. The two basic ways are debt and equity. Debt financing involves a loan or line of credit that is required to be paid over a period of time. In contrast, equity financing involves selling part of a business where the new owner is provided with benefits that may include voting rights and a share of profits.

A financial advisor can certainly help with matters relating to debt. As skilled professionals, they can listen to your problems/needs, accurately assess your situation, and provide advice as to the best course of action. Professional advice can in many cases be the difference between success and failure. If you are experiencing any issues relating to debt, explore Our Services or Contact Us today for a free consultation.

The most effective way to check the financial health of a business is to seek the services of financial experts such as Australian Debt Solvers. A team of experts will assess all aspects of your business, provide a detailed report and a list of recommendations which should be implemented.

For a preliminary assessment feel free to conduct a Free Business Health Check. Simply sign up and log in to our easy-to-use platform. You will be asked a series of questions relating to your business and provided an overall health score, as well as individual departmental scores and advice.

Keeping track of your business finances is critical as it enables you to know exactly what is going on with your sales and expenses which consequently allows you to make smarter business decisions. Staying on top of your finances makes tax reporting easy, could help you avoid disaster, and will make your business more profitable.

Check out our top tips on how to stay on top of your business finances.

Whether you have an accountant or not, all small business owners need to have a system in place that helps them track their income and expenses. Some simple steps include:

  • Create digital receipts
  • Have a dedicated business bank account
  • Use accounting software and sync it with your bank account

We urge people to take advantage of technological advancements with a large range of invoicing apps out there to help people with small businesses.

All businesses are required to submit tax returns and completing these is made easier by keeping a small number of financial statements. They are a balance sheet, income statement and cash flow statement.

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